Havre National Bank (Havre, MT)

View Charter #9782 on SPMC View balance sheet

Episode Information

Episode UID
978201461
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
97820 national
Charter Number
9782
Start Date
September 16, 1921
Location
Havre, Montana (48.550, -109.684)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bd54c2844d06e80c

Response Measures

None

Receivership Details

Depositor recovery rate
18.4%
Date receivership started
1921-09-16
Date receivership terminated
1928-10-20
OCC cause of failure
Economic conditions
Share of assets assessed as good
41.1%
Share of assets assessed as doubtful
32.8%
Share of assets assessed as worthless
26.1%

Description

Bank closed in September 1921 and placed in receivership; later receiver paid dividends.

Events (5)
1. June 13, 1910 Chartered
Source
historical_nic
2. September 16, 1921 Receivership
Source
historical_nic
3. September 16, 1921 Receivership
Newspaper Excerpt
the bank closed in September 1921 and Receiver Frank Browne has been in charge of the affairs of the institution since it closed in September 1921
Source
newspapers
4. October 4, 1923 Other
Newspaper Excerpt
Announcement of the receipt of dividend checks from the comptroller of the currency's office for the first dividend of 10 per cent to holders of receiver's certificates on the Havre National bank was made last night by Receiver Frank Browne.
Source
newspapers
5. December 4, 1923 Other
Newspaper Excerpt
supreme court has remanded that cause to the district court of Hill county ... plaintiff will have a preference right to $1,801.62, instead of $4,572.88 as had been allowed by the lower court.
Source
newspapers

Newspaper Articles (10)
1. June 2, 1923 The Havre Daily News Havre, MT
Article from The Havre Daily News, June 2, 1923

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Article Text

BANK RECEIVER APPEALS FROM DECISION Transcript on appeal has been filed in the supreme court in the case of the Hawiian Products company of Honolulu, plaintiff and respondent, against Frank Brown, receiver of the Havre National Bank a case appealed from the district court of Hill county. This is a case where to pay the claim of the products company against the Ryan Havre company of Havre a cashier's check of $4,572 was drawn and sent to a Chicago bank. The bank in Chicago sent the cashier's check to the Federal Reserve bank in Helena. The bank in Havre to pay the check drew on the Federal Reserve bank in Helena for $6,000, but the cashier's check to the Federal Records shows, to the Havre bank not having sufficient funds to its credit to meet the payment. In the meantime the Havre bank had been closed. The products company then brought action in the district court of hill county to have the receiver of the bank list the claim with the comptroller of currency as a preferred claim. The answer of the defendant admitted the transaction, but contended that no money had been exchanged, there simply being a change to entry credits. Judge C. D. Borton of the district court held that the claim of the product company should be a preferred one, and the defendant appealed.

2. October 4, 1923 The Havre Daily News Havre, MT
Article from The Havre Daily News, October 4, 1923

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Article Text

PRESIDENT GOMPERS OF A. F. OF L. SPEAKS FOR CIGAR MAKERS AGAINST FASCISTI AND OTHER TYRANNY (By the Associated Press) Portland, Oct. 3.—Pardon for Thomas J. Mooney at the hands of the governor of California, was asked in a resolution submitted to the convention of the American Federation of Labor here by the International Moulders union, which asked the convention to reaffirm the resolution that was in effect adopted by the moulders in convention at Cleveland, O. President Gompers, as a delegate of the Cigar Makers' International union, joined with three other delegates of that union in introducing a resolution denouncing the fascisti movement and that "establishment of any form of tyranny in Italy or any other country, under whatsoever name it be launched." Announcement of the receipt of dividend checks from the comptroller of the currency's office for the first dividend of 10 percent to holders of receiver's certificates on the Havre National bank was made last night by Receiver Frank Browne. The checks are ready for delivery now and may be had by presenting receiver's certificates at the bank. Receiver Browne says that the payment of a dividend at this time is made possible through the courtesy of Harry Yaeger, assistant deputy governor of the Federal Reserve Bank of Minneapolis, in waiving their dividend of 10 per cent on claims amounting to $132,000 until such time as the receiver is able to make collections to cover the same. Announcement of the dividend is a delightful surprise to the people of Havre and it means the distribution locally of a substantial sum of money. Receiver Browne has been in charge of the affairs of the in-

3. October 4, 1923 The Gildford Tribune Gildford, MT
Article from The Gildford Tribune, October 4, 1923

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Article Text

No. 9706 SHERIFF'S SALE In the District Court of the Eighteenth Judicial District of the State of Montana, in and for the County of Hill. COMMERCIAL SAVINGS BANK, a corporation, Plaintiff. vs. GUSTAVE HUE and MINNIE HUE; A. L. RITT; THE HAVRE NATIONAL BANK, a national banking corporation, and FRANK BROWNE as Receiver of The Havre National Bank, a corporation; THE HAVRE LOAN AND CREDIT COMPANY, a corporation; DAVID COWAN; W. T. COWAN; and HILL COUNTY, Montana, a quasi-municipal corporation, Defendants. NOTICE OF SHERIFF'S SALE To be sold at Sheriff's Sale, on the 15th day of Oct., A. D. 1923, at the hour of 10 o'clock A. M. of said day at the front door of the County Court House in the City of Havre, Hill County, State of Montana, the following described property, situate, lying and being in the County of Hill and State of Montana, that is to say: The North Half (N 1/2) of Section Twenty-four (24) in Township Thirty-four north (34N), Range Nine east, (9E), containing 320 acres, more or less, according to Government survey thereof, together with all easements, water rights, and other appurtenances belonging or in anywise appertaining thereto. This notice is given and said sale will be held by virtue of a certain judgment and order of sale entered by the above entitled court in the above entitled action. Dated this 14th day of Sept., 1923. R. C. TIMMONS, Sheriff. By G. A. ISAACS, Under Sheriff. ULYSSES A. GRIBBLE,

4. October 6, 1923 The Independent-Record Helena, MT
Article from The Independent-Record, October 6, 1923

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Article Text

First Dividend is Paid by National Bank, it is Reported Havre, Oct. 5.—Announcement of the receipt of dividend checks from the comptroller of the currency's office for the first dividend of 10 per cent to holders of receiver's certificates on the Havre National bank was made last night by Receiver Frank Browne. The checks are ready for delivery now and may be had by presenting receiver's certificates at the bank. Receiver Browne says that the payment of a dividend at this time is made possible through the courtesy of Harry Yaeger, assistant deputy governor of the Federal Reserve Bank of Minneapolis, in waiving their dividend of 10 per cent on claims amounting to $132,000 until such time as the receiver is able to make collections to cover the same. Announcement of the dividend is delightful surprise to the people of Havre and it means the distribution locally of a substantial sum of money. Receiver Browne has been in charge of the affairs of the institution since it closed in September 1921 and he has been unusually successful in the management of its affairs.

5. October 7, 1923 Great Falls Tribune Great Falls, MT
Article from Great Falls Tribune, October 7, 1923

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Article Text

Defunct Bank Turns Over First Dividend Checks to Holders Special to The Tribune. Havre, Oct. 6.—Announcement of the receipt of dividend checks from the comptroller of the currency's office for the first dividend of 10 per cent to holders of receiver's certificates on the Havre National bank was made by Receiver Frank Browne. The checks are ready for delivery now and may be had by presenting receiver's certificates at the bank. Receiver Browne says that the payment of a dividend at this time is made possible through the courtesy of Harry Yaeger, assistant deputy governor of the Federal Reserve Bank of Minneapolis, in waiving their dividend of 10 per cent on claims amounting to $13,000 until such time as the receiver is able to make collections to cover the same. Announcement of the dividend is a delightful surprise to the people of Havre and it means the distribution locally of a substantial sum of money. Receiver Browne has been in charge of the affairs of the institution since it closed in September, 1921, and he has been unusually successful in the management of its affairs.

6. October 10, 1923 The Billings Gazette Billings, MT
Article from The Billings Gazette, October 10, 1923

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Article Text

Montana-Wyoming Interstate News Havre National 10 Per Cent Dividend Havre, Oct. 9. — (Special) — Receiver Frank Browne has announced the receipt of dividend checks from the comptroller of the currency's office for the first dividend of 10 per cent to holders of receiver's certificates on the Havre National bank. Receiver Browne says that the payment of a dividend at this time is made possible through the courtesy of Harry Yaeger, assistant deputy governor of the federal reserve bank of Minneapolis, in waiving their dividend of 10 per cent on claims amounting to $13,000 until such time as the receiver is able to make collections to cover the same.** LONG JOURNEY FOR 80 MILES Sheridan Man Travels 1,624 Miles to Make It. Sheridan, Wyo., Oct. 9.—(Special)— Louis Jacobs of the Jacobs Clothing store has just had the unique expe-

7. October 18, 1923 The Kevin Review Kevin, MT
Article from The Kevin Review, October 18, 1923

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National Bank Depositors Aid In Re-Opening H. E. Benjamin, who with others is active in working out plans to reopen the First National Bank, is very well satisfied as to the results already attained. Depositors are signing the extension agreement very freely, in fact there has been but one refusal according to Mr. Benjamin. He thinks it the only solution of the problem, to get it out of a receivers hands as soon as possible. He cites the instance of the Havre National Bank about ten days ago, paying ten per cent; it being the first and only payment to the depositors since the bank failed just two years ago. Under the hoped for arrangement for the local bank, 50 per cent would be paid in that period.

8. December 6, 1923 The Chinook Opinion Chinook, MT
Article from The Chinook Opinion, December 6, 1923

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HAVRE BANK RECEIVER WINS SUIT Helena, Dec. 4.—Accepting the argument of counsel for Frank Browne, as receiver for the Havre National bank, in the case brought against him by the Hawaiian Pineapple company, Ltd., that the lowest cash balance on hand in the bank between the time of the making of a collection for plaintiff and the time of the enforced closing of the bank is the only sum to which plaintiff would have a preference claim, the supreme court has remanded that cause to the district court of Hill county for modification of its judgment. Under this decision, in an opinion delivered by Chief Justice L. L. Callaway, plaintiff will have a preference right to $1,801.62, instead of $4,572.88 as had been allowed by the lower court.

9. February 5, 1925 The Hill County Sunday Journal Havre, MT
Article from The Hill County Sunday Journal, February 5, 1925

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ALIAS SUMMONS In the of the Eighteenth the State First Montana, in and for the County Wallace Holman, Plaintiff, Joseph McIntosh, Mrs. Joseph McIntosh. Havre Credit pany, The Havre Na tional Bank and Frank Browne, Receiver Havre National Bank, a corporaDefendants. The State to the above named and to of You, each of you, are hereby and the this action which is filed in the office Clerk of this Court, copy which is upon file upon the plaintiff's 'orneys twenty after the ervice of this exclusive he day service, and in of ailure to appear or will taken against or the relief demanded in the comThis action is brought to foreclose ne certain made. cuted delivered Joseph MeIntosh Barnes porated, August on the in Hill County, Montana, The Quarter (SE%) of section Township Thirty (36) North, Range (15) East, containing 160 less, according survey thereof, with the hereditaments and therebelonging which mortgage duly acknowledg by said and Septem her M. Clerk filed the office of the for record in and Recorder of Hill Montana and in Book 44 of Mortgages, said County page which and the and in debtedness thereby October 16, 1917. assigned, trans ferred, endorsed and delivered Barnes Brothers, plaintiff: and to the sum from evidenced by unpaid $21.03 taxes and cost abstract of by plaintiff $150.00 reasonable for attorneys and for plain and herein That under terms of the sought to foreclosed the sums of owing, payable and unpaid Plaintiff prays that the said mort be and under the visions be decree for the gage and for the sale of said that claims, the defend and the lien of plaintiff's and that proceedings be thorized in by practice this further particulars as to the cause of action set forth hereby made the plaint filed herein. and the seal of Court this 10th 1925 GEO. GLASS. (Court Clerk Rhoades Hauge Havre, Montana, for plaintiff. (1-16-25)

10. April 17, 1925 The Box Elder Valley Press Box Elder, MT
Article from The Box Elder Valley Press, April 17, 1925

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NOTICE OF SHERIFF'S SALE OF REAL PROPERTY In the District Court of the Eighteenth Judicial District of the State of Montana, in and for the County of Hill. Anna L. Pfiffner, Plaintiff, VS. Nye C. Smith, A. L. Ritt, the Havre National Bank, a corporation, and Frank Browne, as Receiver of The Havre National Bank of Havre, orporation, Defendants. Notice Is Hereby Given, That the undersigned Sheriff of Hill Coun Ly, Montana, pursuant to the order of sale in the decree of foreclosure entered in the above entitled action in the above entitled Court, will, on Friday, April 3rd, A. D. 1925, at the hour of 10 o'clock A. M., of said day, sell at public auction to the highest and best bidder for cash, in front of the Court House in the City of Havre, Hill County, Montana, the following described real property situate in the County of Hill, State f Montana, The Northwest Quarter (NW 1/ of Section Two (2) and the Northeast Quarter (NE% of Section Three (3), in Township Thirty-four (34) North, of Range Sixteen (16) East, Montana Principal Meridian, ontaining 320 acres, more or less. accord ng to the Government survey thereof. Date at Havre, Montana; this the th day of March, A. D. 1925. R. TIMMONS, Sher of Hill County, Montana. By E. C. Liggett, Under Sheriff Hildebrand & Warren, Attorneys for Plaintiff, Glendive, Montana. Mar. 13-20-27